How Will The Alzheimer’s Disease Treatment Market Grow In 2022?
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The alzheimer’s disease treatment market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 8%, as per The Business Research Company’s market report!
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The Alzheimer’s Disease Treatment Market Size In 2022 And Forecast
The global alzheimer’s disease treatment market is expected to grow from $4.71 billion in 2021 to $5.08 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The Alzheimer’s Disease treatment market is expected to reach $6.94 billion in 2026 at a CAGR of 8.1%.
The global Alzheimer’s Disease treatment market consists of sales of drugs used to treat Alzheimer’s disease.
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Increasing Cases Of Alzheimer’s Is Driving The Growth Of The Alzheimer’s Disease Treatment Market
The USA Alzheimer’s Association expects that all the states in the US are projected to face a rise of at least 14% in the number of Alzheimer’s people by 2025 due to the increase in the geriatric population. At the global level, the estimated new cases of Alzheimer’s is expected to grow by 35% to 615,000 by 2030, and by 110% to 959,000 by 2050. Therefore, the increasing prevalence of Alzheimer’s disease is expected to drive the growth of the global Alzheimer’s disease treatment market.
Competitive Landscape And The Regional Analysis Of The Alzheimer’s Disease Treatment Market
Major players in the alzheimer’s disease treatment market are Allergan, Eisai Co. Ltd., Novartis AG, Pfizer Inc., Merz Pharma, H. Lundbeck A/S Biogen, AstraZeneca, and F. Hoffmann-La Roche Ltd.
Additionally, as per TBRC’s research – North America was the largest region in the alzheimer’s disease treatment market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.
The Alzheimer’s Disease Treatment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the alzheimer’s disease treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the alzheimer’s disease treatment market.
Increasing R&D Investments And Collaborations – A Key Trend In The Alzheimer’s Disease Treatment Market
Increasing R&D investments and collaborations due to the emerging technologies for the treatment is a key trend in Alzheimer’s disease (AD) treatment market. The Alzheimer’s Association is assisting with funds to researchers in search of innovative therapeutic approaches and seeks more government funding for Alzheimer’s studies. Technologies such as ß-site amyloid precursor protein cleaving enzyme 1 (BACE1) inhibitors and anti-amyloid inhibitors are emerging in the AD market.
Alzheimer’s Disease Treatment Market Segmentation By The Business Research Company
1) By Drug Class: Cholinergic, Memantine, Combined Drug, AChE inhibitors, Immunoglobulins
2) By Drug Type: Cholinesterase Inhibitors, NMDA Receptor Antagonists
3) By Therapeutics: Cholinesterase Inhibitors, NMDA Receptor Antagonists, Other Therapeutics
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